Mortgage Blog

Denver Rental Vacancies Down!!!

June 13th, 2008 11:48 AM by Rod Cameron

As reported in the Rocky Mountain News "foreclosures cited for a 7 year low in vacancy rate".

This continues to add fuel to the investor marketplace for single family homes.  The lending community still has an appetite for NOO (Non-owner Occupied) properties depending on the qualifications of the borrower.  Because there are enough variables it is worth a call to me to get a more accurate evaluation.

Quick round up on some stats; Inventory of Unsold Homes in Denver last year - 29,110, this year 26,333.  As we see the inventory work it's way down there will be modest gains in home prices!

 

 

Posted in:General
Posted by Rod Cameron on June 13th, 2008 11:48 AM


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